If there are ratings of the most popular instruments for analysis, Fibonacci retracement levels are in all of them. We are sure in it. Great traders speak about them in their interviews. Recently, we even discussed a Forex trading strategy based on Fibonacci numbers and Elliott waves. Today we publish an expanded article about significance […]
Japanese candlesticks emerged as early as in the 18th century. Traders from the Land of the Rising Sun made first efforts of predicting the future rice price at that time. In other words, the candlestick pattern analysis is the most ancient type of technical analysis.